~~Table~~SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

~~UNITED~~Washington, ~~STATES SECURITIES~~D.C. ~~AND EXCHANGE COMMISSION~~20549

~~Washington,~~FORM ~~D.C. 20549~~8-K

~~FORM~~CURRENT ~~8-K~~REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Current~~Date of Report ~~Pursuant~~ ~~to Section 13 or 15~~(d)Date of ~~the~~ ~~Securities~~earliest ~~Exchange~~event ~~Act~~reported) ofOctober 2, ~~1934~~ 2009

~~Date~~AMERICAN ofEXPRESS RECEIVABLES FINANCING CORPORATION ~~Report~~V ~~(Date of earliest event reported) September 17, 2007~~LLC

~~AMERICAN~~on ~~EXPRESS~~behalf ~~ISSUANCE~~of AMERICAN EXPRESSISSUANCE TRUST

(as Originator of the American Express Issuance Trust)

(~~Issuing~~Exact ~~Entity~~name inof ~~respect~~registrant ofas ~~the~~specified ~~Notes~~in its charter)

(Exact name of registrant as specified in its charter)


Delaware	20-2007139	333-130522

(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)	(Commission File Number)

Delaware	333-121895-02	20-2007139
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation or organization)	File Number)	Identification No.)

200 Vesey Street
Mail Stop 01-31-12
New York, New York 10285
(212) 640-2000
(Address, Including Zip Code, and Telephone Number,
Including Area Code, of Registrant’s Principal Executive Offices)

200 Vesey Street, New York, NY		10285
(Address of principal executive offices)		(Zip Code)

N/A
(Former Name or Former Address, if Changed Since Last
Report)

~~Registrant’s~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code~~if ~~(212) 640~~the Form 8-~~2000~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~Check~~o Written communications pursuant to Rule 425 under the ~~appropriate~~Securities ~~box~~Act ~~below~~(17 ifCFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the ~~Form~~Exchange 8Act (17 CFR 240.14a-K12) ~~filing~~o isPre-commencement ~~intended~~communications pursuant to ~~simultaneously satisfy~~Rule 14d-2(b) under the ~~filing~~Exchange ~~obligation~~Act of(17 ~~the~~CFR ~~registrant~~240.14d-2(b)) ~~under~~o ~~any~~Pre-commencement ofcommunications pursuant to Rule 13e-4(c) under the ~~following~~Exchange ~~provisions:~~ Act (17 CFR 240.13e-4(c))

oINFORMATION ~~Written~~TO ~~communications~~BE ~~pursuant~~INCLUDED toIN ~~Rule~~THE 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a.12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))REPORT

~~TABLE~~Item OF8.01. ~~CONTENTS~~On October 2, 2009, American Express Issuance Trust amended its (i) Series 2005-1 Indenture Supplement, dated as of September 16, 2005, (ii) Series 2005-2 Indenture Supplement, dated as of September 16, 2005, (iii) Series 2007-1 Indenture Supplement, dated as of November 1, 2007, (iv) Series 2007-2 Indenture Supplement, dated as of November 1, 2007, (v) Series 2008-1 Indenture Supplement, dated as of April 3, 2008, and (vi) Series 2008-2 Indenture Supplement, dated as of August 7, 2008, to its Amended and Restated Indenture, dated as of November 1, 2007, with its Omnibus Amendment to Indenture Supplements, dated as of October 2, 2009. The Omnibus Amendment to Indenture Supplements is attached hereto as Exhibit 4.1.

Item ~~8.01 Other Events Item~~ 9.01. ~~Financial Statements and~~ Exhibits ~~SIGNATURE EXHIBIT INDEX EX-20~~.~~1: MONTHLY STATEMENT RELATING TO INTEREST DISTRIBUTIONS ON THE 2005-1 NOTES EX-20.2: MONTHLY STATEMENT RELATING TO INTEREST DISTRIBUTIONS ON THE 2005-2 NOTES EX-99: MONTHLY SERVICER'S CERTIFICATE~~

~~Table~~The offollowing ~~Contents~~are filed as Exhibits to this Report under Exhibit 4.

~~Item 8~~Exhibit 4.011 ~~Other~~Omnibus ~~Events~~ Amendment to Indenture Supplements, dated as of October 2, 2009, between American Express Issuance Trust and The Bank of New York Mellon (formerly The Bank of New York).

~~Information concerning the American Express Issuance Trust (the “Trust”) is contained in the~~SIGNATURES Monthly Servicer’s Certificate, dated as of September 11, 2007, for the Distribution Date occurring on September 17, 2007 and the preceding Due Period from July 24, 2007 to August 23, 2007, and is provided to the Bank of New York, as Indenture Trustee, under the Indenture, dated as of May 19, 2005 (the “Indenture”). Such Monthly Servicer’s Certificate is attached hereto as Exhibit 99 and is incorporated herein by reference. Information concerning interest distributions made on the Series 2005-1 Notes, occurring on September 17, 2007, is contained in the Monthly Statement provided to the holders of such Notes. Information concerning interest distributions made on the Series 2005-2 Notes, occurring on September 17, 2007, is contained in the Monthly Statement provided to the holders of such Notes. Such Monthly Statements are attached hereto as Exhibits 20.1 and 20.2, respectively, and incorporated herein by reference.

~~Item 9.01~~ Pursuant ~~Financial~~to ~~Statements~~the ~~and~~requirements ~~Exhibits~~of the Securities Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Exhibit No.		Description
Exhibit 20.1		Monthly Statement relating to interest distributions on the 2005-1 Notes, occurring on September 17, 2007.
Exhibit 20.2		Monthly Statement relating to interest distributions on the 2005-2 Notes, occurring on September 17, 2007.
Exhibit 99		Monthly Servicer’s Certificate, dated as of September 11, 2007 for the Distribution Date occurring on September 17, 2007, and the preceding Due Period from July 24, 2007 to August 23, 2007, provided to the Bank of New York, as Indenture Trustee, under the Indenture for the American Express Issuance Trust.


American Express Receivables Financing Corporation V LLC, as originator of the Trust and Co-Registrant and as Transferor on behalf of the Trust as Co-Registrant
By:	/s/ Anderson Y. Lee
	Name:	Anderson Y. Lee
	Title:	Vice President and Treasurer

~~Table~~EXHIBIT ~~of Contents~~INDEX

SIGNATURE


Exhibit		Description

Exhibit 4.1		Omnibus Amendment to Indenture Supplements, dated as of October 2, 2009, between American Express Issuance Trust and The Bank of New York Mellon (formerly The Bank of New York).

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

September 17, 2007

American Express Receivables Financing Corporation V LLC, as Depositor of the American Express Issuance Trust By: /s/ Maureen Ryan Name: Maureen Ryan Title: Vice President and Treasurer

EXHIBIT INDEX

Designation		Description
Exhibit 20.1		Monthly Statement relating to interest distributions on the 2005-1 Notes, occurring on September 17, 2007.
Exhibit 20.2		Monthly Statement relating to interest distributions on the 2005-2 Notes, occurring on September 17, 2007.
Exhibit 99		Monthly Servicer’s Certificate, dated as of September 11, 2007 for the Distribution Date occurring on September 17, 2007, and the preceding Due Period from July 24, 2007 to August 23, 2007, provided to the Bank of New York, as Indenture Trustee, under the Indenture for the American Express Issuance Trust.

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